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Smartmatic announces final audit 100% successful

Caracas, August 9, 2004.- Smartmatic Corporation, a Boca Raton-based provider of highly secure device networking technologies, today announced that the final pre-referendum audit of its electronic voting solution was 100% successful. The audit was conducted by specialists of the National Electoral Commission as well as members of the opposition and the government. The Organization of American States witnessed the audit.

The audit tested three core components of the electronic voting solution: 150 randomly selected SAES3000 voting machines, secure data transmission, and the results of the National Tally Center. The goal was to ensure that every vote was counted and accurately recorded. The result: zero inconsistencies between the votes cast on the machines, the vote summaries printed by the machines, the result tabulated by the tally center, and the physical votes recorded in the ballot boxes.

"Another test, another perfect score. We are completely prepared for the referendum and confident that the electronic voting system will work without a hitch," said Smartmatic Chief Executive Officer Antonio Mugica.

The audit was conducted from the "Filas de Mariches" where the electronic voting machines are securely stored. Ezequiel Zamora and Jorge Rodriguez, heads of the National Electoral Commission, and Valter Pecly Moreira, the chief observer for the Organization of American States, all attended.

"We had the opportunity to see the machines in action and judging by what we saw today everything is looking very good," added Valter, Pecly Moreira of the Organization of American States.

As part of the test, power to the voting machines was disrupted and removable memories were changed during the course of data transmission. Neither of these actions had any affect on the performance of the machines or the accurate result of the tally. Members of the opposition, the government and the Electoral Commission were on hand to confirm this outcome.

"There were zero numerical inconsistencies when we compared the votes registered by the machines with the paper ballots that were printed," said Jorge Rodriguez of the Electoral Commission.

"With the last of our preliminary analyses completed, we are ready to deliver on the most important test of all - a secure, accurate and transparent referendum. And we are confident in our ability to deliver," Antonio Mugica added.

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About Smartmatic
Smartmatic is a multinational company that specializes in the design and end-to-end deployment of complex purpose-specific technology solutions. With an unsurpassed technology base, continuous innovation, and quality in processes and results, Smartmatic is organized around three business areas: Electronic voting systems, intelligent and integrated security systems for large enterprises and governments, and advanced solutions for people registration and authentication for a wide range of government applications.

Smartmatic is a privately held company with offices in the US, Mexico, Venezuela, Barbados, Spain, Philippines and Taiwan.  It has more than 200 employees worldwide.  Its capacity for innovation and wide range of products and services have earned Smartmatic extensive recognition in the technology community worldwide.